Gold still more shine!

Exclusive Capital Research Team

See all articles

Commodity Update, Friday, 28th of August, 2020

Yesterday saw a gold drop from $1977.26 to a daily low of $1909. 89 during FED Powell’s speech outlining the FED’s flexible approach to accommodate periods of higher inflation within reason which some have interpreted to be around 2.5%. This new tactic will help the FED follow through with keeping interest rates on hold whilst at the same time help the FED reach its inflation target of 2%. Conversely extended periods of High inflation without subsequent rate hikes could hinder dollar value in the future. This sentiment appeared to follow through as Gold quickly recovered and now trading at around $1943.00 per ounce.

In focus will be the long-awaited agreement on a fiscal stimulus package particularly after poor jobless claims earlier in the week together with the US presidential elections could see the yellow metal finish the last quarter on a High!

Important Information: This communication is marketing material. The views and opinions contained herein are those of the author(s) on this page, and may not necessarily represent views expressed or reflected in other Exclusive Capital communications, strategies or funds. This material is intended to be for information purposes only and is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument.

Read our detailed Marketing Communication Disclaimer

SHARE

CONNECT WITH OUR TEAM

Explore the ways in which we can help you achieve your investment goals.

OUR PARTNERS
bdo

EXTERNAL AUDITOR

ey

LEGAL ADVISOR

lgt

CUSTODIAN BANK

efg

APPROVED PARTNER

Raiffeisen

DEPOSITORY BANK

Prime Fund

GROUP MEMBER